Category: Tech

Shopify Announces Major Acquisition of 6 River Systems

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Shopify will acquire 6 River Systems for $450 million…

Shopify announced late Monday that it agreed to purchase 6 River Systems in a deal worth $450 million. The deal consists of about 60% in cash and 40% in Shopify Class A shares.

6 River Systems is a leader in warehouse fulfillment solutions. It’s best known for its collaborative mobile robots dubbed “Chuck,” which can assist in warehouse operations.

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Microsoft Stock Continues to Soar

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Microsoft stock is up 28% from a year earlier thanks to strong revenue gains.

Shares of Microsoft have been on a roll this year. The stock is up 37% year to date and has consistently outperformed the S&P 500. And most Wall Street analysts believe Microsoft shares still have a lot more room to grow…

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Can AT&T Stock Sustain Its Recent Rally?

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Can a new surge push AT&T stock up — with 5G on the horizon?

Some investors are keeping a close watch on AT&T stock … The blue-chip soared 5% in pre-market trading this morning. That’s up from a previous close of $36.25 to values above $38 per share.

The numbers cap a five-day rally that brought AT&T from around $35 upward, wowing crowds looking for short-term increases in a volatile market. 

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Stripe Moves into the Lending Business

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Stripe creates Stripe Capital to start offering loans…

One of the most valuable fintech startups in the world, Stripe, is moving into a new area of business. Last valued at $22.5 billion, the company announced on Thursday that it’s launching a new lending service called Stripe Capital.

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Slack Stock Takes a Post-Earnings Dive

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Slack’s Q2 earnings were less than impressive…

Shares of Slack Technologies dropped about 15% on Wednesday after the company’s Q2 earnings report failed to wow investors.

Despite having a solid quarter overall, weak guidance overshadowed the company’s performance. And some investors are losing confidence in the communications company.

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YouTube to Pay Hefty Fine for Alleged Child Privacy Law Violation

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Google and YouTube will pay a $170 million fine to settle allegations…

YouTube and its parent company Google will pay a record $170 million fine to settle allegations made by the Federal Trade Commission and the New York Attorney General.

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3 Reasons Why Amazon’s Shares Could Rise by 50% Over the Next Year

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One analyst believes the company’s revenue is set to soar thanks to one-day Prime shipping… 

Shares of Amazon are doing pretty well as is these days, but according to an RBC analyst, they could climb by as much as 50% in the coming year. That’s what analyst Mark Mahaney wrote to investors on Sunday evening.

Mahaney says that when Amazon launches its one-day Prime shipping across the U.S. and worldwide, it will “generate accelerating revenue and unit growth for some time.” 

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Can Cloudflare’s IPO Succeed Despite Past Controversies?

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Cloudflare joins the ranks of 2019’s tech companies to offer an initial public offering…

Cloudflare Inc. is set to be the next big tech company to go public in 2019. Here’s what the company offers: “Cloudflare provides a scalable, easy-to-use, unified control plane to deliver security, performance, and reliability for on-premises, hybrid, cloud, and SaaS applications.”  That’s according to the company’s website.

In short, this company is all about the cloud. And some of its major clients include Zendesk, Udacity, DigitalOcean, and more.

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Trade War Concerns Hit Best Buy, Shares Drop 10%

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Best Buy lowered its third-quarter guidance due to economic uncertainty and tariffs on Chinese goods.

This week, Best Buy became the latest company to fall victim to fears over the ongoing trade war. The company released its second-quarter earnings report this week and overall, the results were pretty good.

The company improved its bottom line by more than 18% year over year. Earnings beat the Zacks Consensus Estimate and increased 3.5% from a year earlier. 

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Is Care.com a Budding ‘Safe Haven’ Investment?

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Investment in Care.com may show an increasing appetite for non-conforming stocks.

Inside investment in the company Care.com is catching attention from investors … The stock saw a significant bump this morning amid a general market downturn.

Overall, the Dow Jones Industrial Average has fallen a couple of hundred points over the past month, but within the general melee, some stocks are still attractive to some investors…

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